Security Bank Corporation has joined forces with Helios, a pioneering local weather fintech agency within the Philippines famend for its progressive photo voltaic mortgage program, to rework the accessibility of fresh and sustainable vitality for Filipinos. The signing of a Memorandum of Agreement (MOA) on February 29, 2024, solidifies this strategic partnership, marking a major milestone within the nation’s journey towards a greener and extra sustainable future.
Helios, acknowledged for its groundbreaking strategy, has performed a pivotal position in aiding Filipinos in mitigating their electrical energy bills amidst rising prices. Facing mounting monetary stress, householders search reduction. By integrating photo voltaic panels into housing loans, Helios and Security Bank provide a lifeline to householders grappling with excessive utility payments.
Paz Gonzalez, SVP, and Secured Lending Division Head at Security Bank, emphasised, “By leveraging each other’s strengths, we aim to position our solar mortgage offering not merely as an option, but as a necessity.” This partnership features a referral association, enabling Helios to direct potential shoppers to Security Bank for home loans incorporating photo voltaic panels, utilization of the home fairness choice for photo voltaic panel acquisition, and provision of photo voltaic mortgages to eligible shoppers by means of Security Bank’s Top-Up Program.
At the center of this collaboration lies the event of an progressive monetary product integrating photo voltaic panel purchases into new or present housing loans supplied by the Bank. This strategy not solely enhances the accessibility of photo voltaic vitality but additionally supplies householders with a cost-effective resolution to embrace renewable vitality.
Hsin Yao Cheng, Founder, and CEO of Helios remarked, “Solar mortgages, led by Security Bank, will completely change the way solar is sold and the way we generate value from our homes.” The capability so as to add photo voltaic panels for zero downpayment right this moment creates a passive revenue stream for households, with out having to attend for capital appreciation or rental revenue.
A key spotlight of this partnership is Helios’ dedication to making sure high quality and reliability in photo voltaic panel installations. Partnering with respected photo voltaic panel suppliers nationwide, Helios provides panels with a 25-year guarantee, offering householders with peace of thoughts and long-term financial savings on their vitality payments. Additionally, Helios prioritizes preventive upkeep and ongoing help to make sure the environment friendly functioning of photo voltaic methods over their lifespan.
Beyond selling clear vitality, this partnership underscores Security Bank’s dedication to sustainability. By advocating for the adoption of renewable vitality options, each entities goal to contribute to the discount of carbon emissions and the preservation of the surroundings.
Together, Security Bank and Helios stand on the forefront, spearheading the journey towards a brighter and greener future for the Philippines, one photo voltaic panel at a time.
